Intraday Commentary ~ 06/18/2009

By
FocalEquity
– June 18, 2009Posted in: Intraday Commentary, Stock and ETF Models

1:35pm
I am adding to my shorts at this level as we reach 923 ish on the SPX.  

12:10pm
Symmetric triangle on the 5 minute SPY… you should try and play that intraday and try and get a nice push higher or lower based on if we break out or breakdown.
 

10:40am
This market has not yet decided it wants to reverse it might want to reach 923 first.  I’m slowly piling in different types of shorts, starting with the SPY.. and financials once they run up once more i’ll short them too. 

10:31am
The market pulls back, as the dollar bounces.. guys the dollar is the key here, it’s that simple… dollar up, market down; dollar down market up, we’ve seen this before and this relationship will continue.  

10:22am
920 already hit… so now we are in the 920-926 range i was talking about in my video and a reversal could occur anytime today… but we can also consolidate and try to push to the higher end of this range before shooting back lower another day.  

10:06am
Wow 920 almost hit… so close..  AAPL could be going back to retest resistance as support before it goes higher… but a shoot to the 923-924 level is not far away. 
 

9:44am
AAPL is either breaking it’s resistance is about to fall down hard take a look at a 10 min:
aapl10 

9:00am
Initial Jobless Claims rise to 608K, whereas the continuing falls giving hopes to the economy, although a sudden rise in jobless claims to me entails more pain, whereas falling continuing claims is more of a lagging indicator to me. Both are lagging indicators, but the continuing is even more so.

10:12pm (Wednesday): As I mentioned in my Video, I expect a potential push up to the 920-926 level.. I suggest you watch the video to see what I am thinking will potentially happen here. A sell off on friday would be possible, unusual, and very bearish.. but if we don’t reach 923 today, we might see a continuation on friday of the uptrend before a huge sell off monday. 

IF YOU ARE INTERESTED AND QUALIFIED:
I am looking for 3 additional intraday traders to join my online trading team starting late july-early august. You will be compensated pretty well for your time and effort (pretty much free money), but you won’t really have to do much more than what you already do at home. If you  are interested and want to know more email  me at: idan.koren@duke.edu
 

Qualifications Required:
-AT LEAST 5 years of trading experience.
-You have to be an intraday trader and make an average of 8-10 trades a day.
-You have to have to have a record of profitability for 2007-2008, and 2008-2009 (so far).
-You need to have 25K+ in your account.
-You will need to be trading at least 12-13 hours a week, and an average of 14 hours.
-You need a microphone/fast computer.
*I recommend you have a blog with followers too.

About FocalEquity

Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.